Merrick Manor’s final few rented condominiums are a great way to take advantage of a major tax break that is scheduled to expire after 2024. Buy one of the building’s last available one-bedrooms and get a 20% tax cut while you still can!
A new report in Yahoo! Finance details the looming expiration of a 20% tax break on “pass-through income.” One example of pass-through income would be monthly rents collected from a rental property or unit. This tax break was originally enacted as part of the wide-ranging Tax Cuts and Jobs Act of 2016.
At Merrick Manor, a buyer can purchase a rented one-bedroom unit and utilize the 20% tax break to cover the temporarily high interest rates. By the time this tax break ends, interest rates are projected to be noticeably lower. That will be an ideal time to refinance and offset the loss of the tax break.
Most importantly, this is a creative way to secure Merrick Manor’s last remaining inventory NOW.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.
